In a Utility Dive brief, Guidehouse Insights discusses cost-effective storage-plus strategies
Electric utilities are expected to increase their investment in storage-plus renewable energy projects as the cost and risk associated with battery technology continue to decline.
Due to the advancements in lithium-ion battery technology, PPA prices for projects combining energy storage and renewable resources are expected to continue declining as their adoption expands.
"In 2018, storage-plus made its first shift from the validation and first-mover adopters to diffuse adoption led by utilities," said Alex Eller, senior research analyst at Guidehouse Insights and one of the report's authors. "The accurate valuing and positioning of storage-plus by utilities will continue to drive the market in coming years."